your goodwill is not questioned. But, as a shareholder of a major American corporation, it is and was not unreasonable to believe a CEO who makes two appearances on two difference financial programs making statements which were in direct response to questions posed by a commentator about how dell could not be feeling the impact of a european slowdown in light of intel's news. he was asked this repeatedly. he said, in no uncertain words, dell was not experiencing a slowdown in europe. that, obviously was false.
Now, as for my use of November options rather than Leaps. That was a deliberate decision. First, November gives me plenty of time to reap any benefits, if any, on the news of the spinoff and any developments in Korea or China. Moving out one more month usually only costs about 2 points. By using November series options, I was able to sell my leaps and double up on my position when qcom was in the upper 50s. So far, a good decision. If there is a delay in the announcement of spinco, its initial offering price, korea or china, or now SBC, then I can roll-out to december without much penalty. Taxes are of no consequence because this is in my IRA account.
I should not be blamed for believing him. he should be blamed for either lying or not knowing what the heck is going on in his own company. I believe the latter is the case and I believe that is why DELL has failed to keep up with its greatness of the past. Michael just doesn't care anymore and he got careless with his words. Careless enough to cost thousands of shareholders thousands of dollars. I am sure that I was not the only one comforted by Michael's words. |
